October 30, 2018 05:26 PM
The video above is from a March 6 report.
Plans are coming together for a joint effort between the city of Bloomington and the Mall of America to build one of the largest water parks in the country.
According to city documents, the park would be built across from the mall on Lindau Lane, and would connect to the mall's north side addition.
The park would be open to the public, instead of being developed for a specific hotel in the area.
The city documents say the project would cost between $230 million and $250 million.
According to the documents, the city is exploring a model where the park would initially be owned by a nonprofit. Once the debt used to pay for the park is financed, the city would take ownership of the park.
The documents say the water park would be self-sustaining, and that property taxes in the city would not be at risk.
Triple 5, the owner of the Mall of America, is currently building a water park as a part of a retail and entertainment project in New Jersey. The city documents say the project could be North America's largest water park, "unless the water park at MOA is built to exceed it."
Construction on the project could begin as early as 2019. The project would reach completion by 2021.
Updated: October 30, 2018 05:26 PM
Created: October 30, 2018 04:57 PM
Copyright 2018 - KSTP-TV, LLC A Hubbard Broadcasting Company